Chicago Bulls Josh Giddey Explains NBA Payment Structure Ahead Free Agency

Chicago Bulls guard Josh Giddey recently provided insight into the NBA's payment structure, explaining that players can opt to receive their yearly salary over either six or twelve months, with most choosing the latter to ensure year-round income paid every two weeks. This payment flexibility can have tax implications, with fewer transactions in the six-month option potentially reducing tax payments slightly. Giddey, who was drafted sixth overall in 2021 and earned $27.2 million on his rookie contract, is poised for a significant contract extension potentially worth $150 million as a restricted free agent this offseason. His strong 2024-25 season performance, averaging 14.6 points, 8.1 rebounds, and 7.2 assists, has positioned him as a key player for the Bulls' future. The Bulls are expected to retain him by matching any offers from other teams, building around Giddey and a young core to improve their playoff prospects. Giddey's explanation sheds light on the often opaque financial aspects of NBA contracts and the strategic choices players make regarding their paychecks.